Ok here we have two potential pattern completions one being the Gartley
I saw initially. The other, should it complete, a Bat pattern
. Along with RSI
I believe the Euro
is pricing in a big leg to the downside. I know the patterns are bullish
, but I believe the market was confused as Draghi spoke in depth about monetary policy
, thanks to the great questions coming from the reporters @ the press release, the market gave back all the gains and allowed the bears to take over and keep the down trend intact.
Full disclosure I would quote resistance @ 1.09300 with support @ 1.08587. Leaving R&R in favorable odds should the pattern(s) complete